From a loss prevention perspective, a strong understanding of how our inventory is managed is crucial as we attempt to resolve shrink-related issues. One basic but important component is knowing the inventory control techniques and accounting methods used by your company. Read More
Tag: point of sale pos system
Guy Yehiav is CEO of Profitect, a well-known data-analytics solution provider in the retail loss prevention industry. LPM asked the 25-plus-year retail supply chain industry veteran to explain how advanced analytics is contributing to positive changes in omni-channel retailing.
Data analytics has been one of the major technology applications driving the Read More
You are driving to work as a supermarket supply-chain manager. The hot weekend weather has continued, it’s a lovely Monday morning, yet you’re surprised when your boss calls so early. Agitated, he shares how he just discovered from the CEO that all stores were reporting a massive sales loss because Read More
While many things about this family-owned business have changed since its founding in 1973, the need to keep a close eye on each location’s inventory hasn’t. Read More
Data is the future of the loss prevention and asset protection industry. A single, data-friendly LP professional can both identify and address leading indicators of loss for a significant grouping of stores, with no need for airfare, travel, or company car. Identification and correction of these leading indicators driven by Read More
At any given time, even the most casual Google search for “retail robberies” will return pages and pages of recent news items—some recounting thieves’ success; others, their failure. Read More
Brick-and-mortar didnt die, and Amazon just confirmed it with its purchase of Whole Foods. Unless you live under a rock, you have seen the news related to Amazon’s purchase of Whole Foods for more than $13 billion. Over 90 percent of retail purchases are made in-store today. So why all Read More
Throughout my career in retail loss prevention, I’ve seen some pretty outrageous behavior captured by video surveillance systems. From performance and productivity issues – like employees showing up late and doing personal things on business time – to outright theft from the point-of-sale (POS) system, I’ve seen it all.
As an Read More
As loss prevention and asset protection practitioners, we are often asked to describe our jobs to others. In the old days, we could get away with simply stating, “I catch people who are stealing from my company.” And while this was—at one time—an accurate representation of our duties (and probably Read More